ccounting principle has been applied on each number. Choose your answers from the box. Write your answers on a separate sheet of paper. Materiality Conservatism Monetary unit Cost Time period Objectivity Disciosure Revenue Recognition Going Concern Business entity 1. The owner of a supermarket made a transaction with her friends for personal use, he did not let his personal transaction intrude with his business. 2. Babu believes that his business operations will continue in spite of some difficulties. 3. Vilma, a veterinarian, performs a service on Bebang's pet dog without a payment being received. Vilma should not record the service revenue yet. Aling Violeta bought a cash register for her grocery store and she recorded it on its price.

ccounting principle has been applied on each number. Choose your answers from the box. Write your answers on a separate sheet of paper. Materiality Conservatism Monetary unit Cost Time period Objectivity Disciosure Revenue Recognition Going Concern Business entity 1. The owner of a supermarket made a transaction with her friends for personal use, he did not let his personal transaction intrude with his business. 2. Babu believes that his business operations will continue in spite of some difficulties. 3. Vilma, a veterinarian, performs a service on Bebang's pet dog without a payment being received. Vilma should not record the service revenue yet. Aling Violeta bought a cash register for her grocery store and she recorded it on its price.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 2A: What Would You Say? A friend of yours wants to start her own pet-sitting business. She already has a...

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